I am a hyper acctive trader, and experience the same problem. But I use alot of limit orders, I find they take as long as five minutes-10 Minutes to confirm an order is open, sometimes as little as two minutes, but seldom faster on a limit order.
One nice thing about waterhouse is their day trading calls. The last one they did nothing, but I hope somone out there can show me a broker that I can sell as much as I wnat with a Fed call, or day trade call, whatever you want to call it. Waterhouse calls a margin call a house call. I guess they send some burly guys to your house if you don't payup. With margin calls, water house allows people 3 weeks to pay up which is nice. You have to pay 1/3 per week, unless the value of the equities rise. If there is a frequent traders program I want to know about it. Water house charges .01 per share if over 5000 shares, and I routinely go over. A friend said he had a frewuent traders discount at one of the full service firms, and he bought shares for free, any amount, and payed a flat $35 when he sold. he also said the program was available to people selling daily with accounts over $500,000.
Bill |
